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20121101
20121130
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economics. back here in the u.s., reports from walmart and target. at 8:30, we get weekly jobless claims. october consumer price index. and the november empire state survey. in corporate news, bp expected to pay a record u.s. criminal penalty and plead guilty to criminal misconduct in the 2010 deepwater horizon disaster, a plea deal reached with the department of justice reportedly may be announced as soon as today. reuters says bp will plead guilty in exchange for a waiver of future prosecution on the charges. bp says it is in discussions, but no final agreement has been reached yet. >> fun to have you here today. we do hope mr. kernen get better very soon. he's not normally sick. >> he never calls out sick. so he must be really sick. >> i think there's a flu going around. >> convenient for all of us. i took chips out of his bag yesterday and now i'm -- >> who is the guy sitting in his seat? >> can we get some lie sole over here? >> let's get back to the topic dominating the conversation from wall street to washington right now. of course it is the looming fiscal cliff. we have made it
because the underlying fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go into early january. i still think they're more likely to get a resolution done before the end of the year. either way, they'll get a resolution done. when that happens, then we'll resort to looking at the u.s. economy, which is strengthening a bit here. also, the extreme and relative valuations between high-quality fixed income and equities will push money towards equities. i would not run for cover here because of the volatility. i think you just have to, you know, hold your ground through this and hope that the market moves higher next year. >> bob, this activity at
for chapter 11. different news to digest. sales in the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about kimberly getting out of diapers in europe? there'
-mails the recipient a digital itunes code. gifts are currentsly just available to tens of millions of facebook's u.s. users, but will be able as gifts rolls out broadly. this bolsters facebook's retail business tapping into digital content and subscriptions which are the fastest online growing retail category. facebook won't comment on the business model but presumably facebook gets a cut and it does of course benefit when users were more engaged on the site. today facebook shares rallied on a pair of analyst upgrades. this partnership gives apple access to facebook's users securing its position as the leading music distributor as it faces new competition from the likes of microsoft's xbox music, google music and amazon's cloud player. now of course, if facebook can convince more customers to hand over their credit card information using that itunes as a lure, that's of course a good way to get them to spend more money on facebook gifts down the line. >> thank you so much, julia. >>> now the countdown is really on. no pressure. the workers are going back to the office. they're thinking they're going
's going on in defense. also, regardless of the fiscal cliff there's cuts. the u.s. government is the world's biggest buyer of software associated with the running of any kind of government. that's another kind of corollary here. a big comment from a lot of people in the defense industry about that yesterday. i think they're the first company to come out and make realistic expectations of what will happen in the next couple of years. back to you. >> okay. thank you. dave cote is the head of the curve on all of this. let's shift to bonds and dollar. rick santelli at the cme group in chicago. rick? >> thank you, jim. everyone is excited about good housing numbers. everybody but the fixed income market. everybody but the equity market. i know there's an hp issue here. however, let's look at the charts. let's put up a two-day chart of tens. clearly you can see we're up about a basis point on the day. if you look on the right side of the chart and look around 8:30 eastern, you can't pick out that we had a good housing number. if you really switch this around a bit, you look at the shorter mature
signs of recovery in if the housing market. jim, 4.2 on global comps. 4.3 in the u.s. frank referring to what he calls a healing in the u.s. housing market. >> he's remarkable. he's correctly been negative when it was right to be negative. he's now positive. i was most concerned that this company would have a big dip right here because there's a lot of companies that are reporting that the last few weeks have been bad because of sappndy. didn't skip a beat. stock was down after a series of headlines that misinterpreted the charge. this one could be off to the races. >> what's interesting about home depot, they didn't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were rea
that the u.s. matters. but let me use this rally today to help you understand the world of expectations. not reality. not reality at all. but expectations. >> house of pleasure. >> and how do expectations matter so much more than what has already happened? we're in the midst of earnings season. the bulk of technology reports are already reported. the first was that the united states was holding its own. maybe getting a little better. power behind consumer spend. the fiscal cliff looming but still the positive. second is that europe's a disaster and the most important thing you can do is distance yourself from the continent. ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wupt going to turn around any time soon. certainly not in time to help 2012. this came from a decline in orders. they all articulated as such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the clos sus. nobody had been more upbeat
bell, it was music to our ears and i loved it. i think it also began a drum beat for the u.s. economy as well. as tragic has sandy has been, the rebuild will include many on its back. jobs coming. "mad money" will be right back. >>> coming up, earnings alert. wall street's back online and cramer's got earnings season covered with an all-star lineup you can't afford to miss. industrial giant eaton fresh off its quarterly report. then, the ceo of apparel maker pvh soaring over 20% after news of a big acquisition. plus, the ceo of annie's. after falling from its highs, is it ready to run again? and tanger outlets ceo ahead of the holiday rush. this jam-packed edition of "mad money" is just ahead. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-seltzer plus cold and cough fights your worst cold symptoms, plus has a fast acting antihistamine to reliev
performance in the quarter. >> what are you seeing in market demand globally? sales increased in the u.s. and abroad. are you seeing a stronger global story today? >> we are. about 2/3 of our business is in latin america. most of the latin american countries in the mid-single digits. we see better category growth in general. category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tu
that is a point of view, i think that assumes they really don't tackle the fiscal deficit. i think the u.s. economy, there's so much money on the sidelines, both in business and retail investors. it wouldn't take much positive momentum. i don't think the bar is that high that people -- you know, they really want to get back to business. i think -- >> but we just have to accept less than we would have gotten historically. >> oh, absolutely. i think right now it's still going to be a long, slow recovery. i don't think it's going to magically come back and shoot and a everything is going to go. it still will be a long, slow recovery. we've come to a difficult crisis. it's a financial crisis. they take time to heal. right now it's about confidence. we really need that leadership and some kind of sentiment in a direction will be helpful. >> real quick, maria bartiromo was speaking with the charles schwab ceo earlier this week. they're cutting their etf fees, which puts pressure on everybody in the industry. will you be doing the same? >> well, we don't manufacture etfs. we have what we call an
that are interested. and we have financial players that are interested. we have international interests as well as u.s. and domestic. >> i'm not sure if you heard the last interview, but we spoke with one of your union members from the bakers union. he basically said, look, you can't negotiate with terrorists, and they were stealing our pension. in retrospect, was there an area where you could have given to keep some of these union members happier? >> well, you know, it's interesting. i think, you know, i came on board in february after the bankruptcy filing to try to get the company out. and i would readily admit, i think there's a lot of bad history here and a lot of places to point the finger for blame. i don't spend a lot of time doing that because that's sort of like bayonetting the dead in the battlefield. if i could look back, i would say i think there were management mistakes. i think there were union mistakes. as a turnaround guy, i think it should have been done prefiling. these parties negotiated all last year and never got anywhere. i think in retrospect, you could always do different thin
. #. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting up to arou
in the u.s. and the stock gives 2.5% yield. in the aftermath of hurricane sandy, we learned never to take our electricity for granted. it can always be knocked out by the next big storm. that's why generac has rallied so massively. it pulls back maybe we'll look at it. but if you're looking for a smart stealth way to benefit from the increased demand for generators, i say look no further than briggs and stratton which has barely budged at all since the storm, despite making best generators out there. after the break, i'll try to make you more money. >> coming up, rent to own? buyouts and fresh faced newcomers have given that new car smell to the rental market. and cramer's found a play that could be your vehicle of growth. find out which of these companies can give you a smooth ride. >>> and later, natural wonder? clean, domestic, abundant and ignored? after some promising returns, plays on the nat gas fuel future have failed to gain traction. tonight, cramer lays out what to watch for so you can position your portfolio. >>> plus, holding them accountable. the fiscal cliff is coming. and
epperson at the nymex. u.s. jobs data sent gold prices sharply lower, below $1,700 an ounce. the first time we've seen gold this low since september 7th. we did see a lot of stocks go under way as we got the jobs data. oil prices are slightly lower, the stronger dollar pressuring oil prices as well as several e refineries still shut here along the east coast due to hurricane sandy and gasoline futures up slightly but the national average keeps coming down, $3.50, down 8 cents from a week ago, down 28 cents in the month. back to you, carl. >> thanks so much, sharon epperson. >>> the coast guard opening the port of new york and new jersey on a restricted basis allowing the backlog of barges allowing gasoline and fuel into the area. how soon might we see in the areas affected by sandy? good morning, kate. >> reporter: good morning, carl. i just returned from the dockses behind me where dry dock work ers are hoping to get themselves ready for new ships to be repaired as early as monday. they have a waterfront view of what's going on in the port of new york and new jersey which was just reopene
in the u.s. right now? >> i think you have to look at it a couple different ways. number one is sustainability piece on fuel and foreign oil. electrification will play a major role in the industry whether it is pure or assist like we have in lacrosse and impala here and malibu. widely different applications depending on budget, fuel economy and efficiency. we'll offer a lot of those different alternatives here. the spark we're excited about because this is really -- we're going to really go hard in places like california, austin, oregon, where sustainability is part of the real culture and the thread of the way people live. when you look at the spark and you look at what the performance of a car is, we haven't announced the final range because we're not done certifying it but it will be one of the largest range vehicles and torque is more than a ferrari. >> but the skeptic will look at this and say not that you're supposed to comment on the leaf from a competitor standpoint but you look at the leaf and others and people say is there a market for electric vehicles in the u.s.?
real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> if you want to know what stocks can work in this increasingly difficult environment, how about we start with stocks that go up when they report earnings, not down, especially on horrendous days of late. stocks like henry schein. it's one of the world's largest distributors of health care products and services. the
-week high. again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial production. the fears again of the fiscal cliff certainly outweighing what we're seeing in china at the moment. there's been a lot of action the last hour or so in the energy market, particularly in rbon gasoline futures here. keep your eye on natural gas. it is going to get a little warmer here on the east coast causing a little slide in gas futures. >>> bertha coombs has a "market flash." >> standard energy stock hitting a new low today despite they did report record production yesterday. one of their big shareholders, tpg axon hedge fund is calling for big changes there on the board and the ou
to see how it does and it doesn't arrive until 2013. >>> new positive signs on the u.s. economy to tell you about. it grew faster than expected in the third quarter. gdp expanding at an annual rate of 2.7% topping last month's estimate of 2%. our senior economics reporter steve leisman is here. what struck you about this report? i remember the day before yesterday you were saying don't expect that kind of performance in the fourth quarter. >> exactly. i'll take it. we can get to 2.7%. it is better than 2%. i don't love how we got there. big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damag
that hasn't happened since october 2011. u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch. it's their firs
of the big stories we were following today. zion is a stock on the radar today. the u.s. treasury will sell and conduct auctions to tell warrant positions in the name. also, hpq, that saga continues after a request from the former autonomy ceo to acquisition details of accounting fraud. some pockets of strength today. we were led higher by monster beverage. just one of those names people love to trade. regulatory fears subsiding a bit in that name. also want to draw your attention to corning. that stock getting a pop. last but not least, best buy. positive speculation in this name relating to a bid from the company's founder sending the stock up more than 3%. michelle. >> thank you so much, jackie. all right. just 34 days to go before we go over the fiscal cliff. >> oh, boy. >> i want to call it the fc. can't we get an abbreviation? we're going to l.a. we're going to ec. we're going over the fc. >> sounds good. >> are shareholders best served by companies paying dividends now? someone who's going to join us says absolutely not. find out why. >>> also, later, who would have thunk financial a
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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